Solana Achieves Record High Transactions in Q1 2025

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Record Transaction Volume: Solana recorded an average of 112.6 million daily non-vote transactions in Q1 2025, marking a 50% quarter-over-quarter increase, indicating robust user activity despite challenging market conditions, which enhances the network's long-term appeal.
Significant App Revenue: The launchpad platforms generated $144 million in Q1, accounting for 42% of total application revenue, demonstrating that applications captured far more value than the base layer, further solidifying their market position.
Growth in Real-World Assets: The RWA market cap on Solana grew 43% quarter-over-quarter to $2.01 billion, with BlackRock's BUIDL fund doubling to $525.4 million in Q1, reflecting strong institutional interest that could drive future liquidity growth.
Support for Payment Protocols: Solana added support for x402 and Stripe's Machine Payments Protocol, enhancing compatibility with major payment standards and fostering partnerships with companies like Visa and PayPal, signaling potential growth in the payments sector.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	75.381	78.44	81.881	84.94	88.381	91.44	94.881
Fibonacci	78.44	80.923	82.457	84.94	87.423	88.957	91.44

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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